This property looks like a bad Mid-Term investment with a projected -15.34% first-year return on $107k initial cash invested.
-15.34%
Cash On Cash
3.13%
Cap Rate
0.46
DSCR
$2,274
Rent
-$1,371
Cashflow
Cash Flow
$2,274 income − $3,645 expenses = $1,371 out of pocket
Investment Breakdown
|
Purchase Price
$425k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$85,000
Closing costs
1%
$4,250
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,274
Total Expenses
$3,645
Mortgage P&I
105%
$2,390
Property Taxes
15%
$333
Home Insurance
7%
$149
HOA
0%
$0
Property Management
12%
$273
CapEx
4%
$91
Vacancy
3%
$68
Maintenance
4%
$91
Other
11%
$250